, 1887-10-09
STILL POURING IN.
The Cattle Market Continues to
Be Overloaded,
And Generally Low Prices
Rule Accordingly.
A Slight Improvement Shown
in Good Stock.
The Cattle Market.

optClhl DSpdlCn 10 me Leader.
CHICAGO, Oct. S.-The cattle market
continues dull and weak. Toward the
close OF the present week there has been
a large and unlocked for increase in re-
ceipts, and prices for the most attractive
OF the offerings are easy at within l0c.
OF the lowest point touched. Nearly
half a million cattle have been received
in Chicago during the last sixty days,
and still there are no indications of any
let up" Range cattle receipts are
about the largest of the season, the bulk
of them being from the West.
Never before was SO much common
stuff put upon the market, and at no
time within the memory Of living man
have prices Tor that class been lower than
now. Hence the unexampled depression
may be accounted tar as simply and solely
the result OF too many cattle" 1t is
not on account of a lack OF the usual de-
mand. Gamers realizing that this is their
harvest time, are running their houses to
the utmost capacity, and the inquiry from
butchers and dressed beet concerns is on
a more generous scale than ordinarily.
Common grass steers can be had for S2.75
@3.00, and good ones are selling at SO. 25
(G3.50. The class will, of course, be
hIgher-very much higher-but not SO
long as rangers come into the yards at
the rate OF 1000 head per dav. The
falling off is expected 10 begin about the
middle of the present month.
For cattle which grade above good"
the situation is not so bad, although it is
hu M r,an ta a IN, l..l =.
OF al Indifferent character but then the
offerings are not large. Prices were
boosted up about loo on the early days,
but there was not activity enough to keep
them there. Big beeves do not receive
much attention. Especially are they neg
lected if they happen to be coarse. Fat
steers, weighing from l.l5O to 1850
pounds are most salable. Very few fancy
beeves are to be had. and in numerous
instances buyers have to put up with or
binary lots for the simple reason that
they annot get what they want. Sales
are on a basis of 81. 1905 70 for common
grassers to extra stall fed, but very few of
the offerings have the quality to bring
above 81 so. On the other hand there
are not many transactions below SO 25.
Butchers stuff is weak at the previous
low range of prices. In view of the
heavy supply of common rangers improv-
ment is not to be looked for, and there is
hardly a decent margin lett for any fur
Their decline. Cows and bulls sell princi-
pally at 81. 5OGG2. so.
Never before has there been 80 many
cows and calves marketed as in the past
six months, and according to n local
authority stock ~raisers who are wise are
taking advantage of the opportunity to
increase their herds, foreseeing that in
1888 the cattle market will reverse itself,
as the crop then must inevitably be a
short one Many cattle owners have
been forced to sell this year by financial
embarrassment, the drouth and despon.
deney.
Stockers and feeders are dragging along
at about recent quotations. The dullness
is in a measure due to a fear among farm
ers of introducing Texas fever.
Rangers are selling at about the lowest
figures ever known in this market. Can
ners and dressed beef men buy moderately
but offerings are materially greater than
the demand. Receipts of 1000 head per
day knock all stiffness out of the market.
Texas canning stock goes at 81. 409l.SO,
and Texas steers at 81 1902 IS. Rangers
from Wyoming, Dakota, Montana and
Colorado bring about 81. BOO 60.
Closing quotations range as follows: